Jitters over the $412-million debt owed by bankrupt Korean shipbuilder Hanjin to big Philippine banks soured sentiment at the stock market on Friday, spoiling an attempt by the local stock barometer to return to the 8,000 mark.

In what could be an early indication of weakening long-term equity inflows, the central bank yesterday said only $461 million in foreign direct investments (FDIs) were recorded at the start of the fourth quarter of 2018, confirming a trend that began three months earlier.

After a five-month battle between government forces and Islamic State-inspired terrorists that reduced Marawi City to rubble, a modern city is envisioned to rise from the ruins of this Lanao del Sur provincial capital, said an official of a government task force leading the city’s rebuilding.